Housing transaction area in Sanya drops 44% during Jan-April period
According to a report released by the Hainan Statistical Bureau, the housing transaction area in Hainan in the first 4 months of the year reached 3.08 million square meters, a decrease of 14.3% over the same period last year.
The cities and counties showing a downturn in transaction area included Sanya, Baoting and Linggao with an average decline of more than 40% year-on-year.
6 other cities, including Qiongzhong, Wenchang, Baisha, Lingao, Chengmai and Ding’an have shown slight growth in the housing transaction area metric.
In the past four months, total fixed-asset investment in Hainan reached 79.22 billion yuan, up 19.1% over the same period of last year, and growth rates in fixed-asset investment in 10 out of 18 cities and counties exceeded the provincial average.
SOURCE: WOS Team
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